National Fuel Gas (NYSE:NFG) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its holdings in shares of National Fuel Gas (NYSE:NFG) by 82.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,513 shares of the oil and gas producer’s stock after selling 16,121 shares during the period. XTX Topco Ltd’s holdings in National Fuel Gas were worth $213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NFG. Norges Bank acquired a new stake in National Fuel Gas during the fourth quarter valued at approximately $67,393,000. Brandywine Global Investment Management LLC acquired a new stake in National Fuel Gas during the fourth quarter valued at approximately $16,906,000. Raymond James Financial Inc. acquired a new stake in National Fuel Gas during the fourth quarter valued at approximately $9,067,000. Geode Capital Management LLC lifted its stake in National Fuel Gas by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 2,199,787 shares of the oil and gas producer’s stock valued at $146,502,000 after purchasing an additional 117,351 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of National Fuel Gas by 3.4% during the fourth quarter. Victory Capital Management Inc. now owns 2,584,155 shares of the oil and gas producer’s stock valued at $156,807,000 after acquiring an additional 85,950 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NFG. JPMorgan Chase & Co. boosted their price target on shares of National Fuel Gas from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, March 13th. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.67.

National Fuel Gas Stock Down 0.1 %

National Fuel Gas stock opened at $77.88 on Monday. The firm has a market cap of $7.05 billion, a PE ratio of -556.25 and a beta of 0.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.33 and a current ratio of 0.39. The firm’s 50 day moving average price is $76.19 and its two-hundred day moving average price is $68.22. National Fuel Gas has a twelve month low of $52.66 and a twelve month high of $80.14.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.22. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. During the same period last year, the firm posted $1.46 EPS. On average, research analysts predict that National Fuel Gas will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.515 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.06 annualized dividend and a yield of 2.65%. National Fuel Gas’s dividend payout ratio is presently -1,471.43%.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.